·         Democratising fractional real estate ownership via technology – MYRE Capital: Quote by Mr. Aryaman Vir, Founder & CEO, MYRE Capital

‘Budget 2022 is highly growth oriented that propels capital expenditure. The boost provided by the government on affordable housing will be beneficial to the continued housing demand post COVID-19 and will also encourage prospective buyers to avail more benefits and invest in real estate. With the initiation of the PM Gati Shakti, there will be a rise in infrastructure developments which will gradually lead to growth in commercial real estate sector and thus help in accelerating the economy as a whole. This will also create more employment opportunities for the youth of the country. The step taken by the government for urban development also focusing on Tier 1 and Tier 2 cities will facilitate businesses to expand across the country and rise to match the vision of a developed economy.

We firm believe that, setting aside ₹250 Crore towards a robust urban development plan will boost the growth of real estate sector in the coming year. As the government plans to improve quality of life, Aspirational Districts will continue to attract more commercial developments in these spaces boosting employment and standard of living. We highly appreciate this step taken towards the growth of urban regions. Further, we trust that the implementation of a new legislation in the place of ‘The Special Economic Zones Act’, will certainly help in effective utilisation of available resources in the SEZs. For emerging business, the ‘One nation, One registration’ policy will aid in regularising and easing their set-up by eliminating complex processes. There was a clear push for technology companies across domains indicating that the Government clearly sees startups as growth engines across talent, infrastructure, small businesses.’

·         Making Alternative Global Assets accessible to Indian accredited investors – Kristal.AI- Quote by Mr. Asheesh Chanda, Founder &CEO, Kristal. AI

‘The FM has presented a growth oriented budget, the focus on capital expenditure will support growth and have a multiplier effect on economy besides generating employment which is long term positive for long term India growth story.  Besides supporting the India growth story, the focus on digital economy and start-ups is positive for companies like Kristal.AI which is a digital-first global private wealth management platform. With the growing interest to invest in digital assets among all age groups, a keen eye was laid on the Budget 2022 announcement around the same. The step towards taxing virtually owned digital assets indicates a positive sign of acceptance and regularisation of digital assets. The FM has proposed a tax of 30% on all transfers of digital assets, we welcome this move as it suggests legitimisation of digital assets. This also gives more clarity on the tax regime and we hope Indian investors can now utilise LRS money to purchase crypto assets. We believe that setting up of a regulatory body to review and scale up investments from venture capitalists and private equities, will further propel positive growth among start-up community. Further, the extension of existing tax benefits for start-ups by one more year up to end March 2023, is an important positive development for the start-up ecosystem.’

·         One of the few profitable B2B2C SaaS FinTech company, which is digitizing spends to drive growth and unlock value through innovative and automated workflows- Zaggle- Quote by Mr. Avinash Godkhindi, MD and CEO, Zaggle

‘The honourable FM has presented a balanced budget with a strong push for digitalization, financial technology and digital payments specifically. As one of the very few profitable SaaS Fintech players, we believe the biggest news is the issuance of the digital currency by RBI which will open a wide range of options and opportunities. Additionally, the endorsement that digital payments are user friendly and economical is a big boost to the morale of FinTechs and all digital payments ecosystem players, the continued support is most welcome. The aim to take digital banking to every citizen is extremely heartening, positive and a bold statement. The plan to create 75 digital banking units in 75 districts is great. Possibly the best way to execute this would be for scheduled banks to partner with FinTechs to roll out these effectively. The Union Budget 2022 has various encouraging initiatives that will propel aspiring entrepreneurs and boost Fintech and startups. To further ease business environment for startups, the government has announced the existing tax benefits for startups to be extended by one more year up to 31st March 2023. Overall the FM has presented a growth oriented budget focusing on capital expenditure that will go a long way in providing the much needed support for India’s long term growth story and help create employment opportunities for the wider section of the society.’